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a lot of benefit in doing that for the economy. i think this is a solvable problem and we want to do as much as we can to take advantage of this opportunity to make some progress on each of those fronts. >> one thing about which there does not appear to be agreement -- that is, should the bush tax cuts on over $250,000 be extended, or should they be raised? i heard jay carney say there is no way the president will agree to anything that extends the tax cuts on the upper two brackets. that sounds like a line in the sand. is it? >> it is important to start by acknowledging that we find this encouraging that you have seen republican leaders in the last couple days explicitly embrace the recognition and support for as part of the balance of fiscal reforms a package that raises revenues. that is very important. that is very encouraging. reckoning the basic reality of how you govern a country like this in the face of the challenges we face. that is good. you know the president's position -- very simple. let's expand middle-class tax cuts
a lot of benefit in doing that for the economy. i think this is a solvable problem and we want to do as much as we can to take advantage of this opportunity to make some progress on each of those fronts. >> one thing about which there does not appear to be agreement -- that is, should the bush tax cuts on over $250,000 be extended, or should they be raised? i heard jay carney say there is no way the president will agree to anything that extends the tax cuts on the upper two brackets. that...
WHUT (Howard University Television)
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north korea wants to rebuild its economy with china's kropsi cooperation. attention is focused on when kim will schedule talks with the new leaders. >>> the eurozone economic shrank from july to september compared to the previous three months. this is a decline for the second quarter in a row. this also means the common currency block slid into a recession. the european union's data office released the preliminary figure of gross domestic product for the third quarter of this year. it fell 0.1% from the previous three months. among the 17 nations in the eurozone, portugal's gdp fell 0.8%, spain slumped 0.3%. germany and france, the strongest economies within the eurozone, both posted a 0.2% growth in the third quarter, but compared to a year earlier, the greek economy was down 7.2% in the quarter. >>> let's check on the markets. european shares are lower as the eurozone economy has gone back into recession. london shares down about 0.3%. frankfurt, the dax index declining almost 0.5%, and the cac 40 in paris declining by 0.5%. meanwhile, share prices across
north korea wants to rebuild its economy with china's kropsi cooperation. attention is focused on when kim will schedule talks with the new leaders. >>> the eurozone economic shrank from july to september compared to the previous three months. this is a decline for the second quarter in a row. this also means the common currency block slid into a recession. the european union's data office released the preliminary figure of gross domestic product for the third quarter of this year. it...
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and the heightened urgency that we see among officials iran's economy is significantly in trouble its currency is constantly losing ground in the western sanctions that you have referred to are clearly taking their toll on iran what happens if iran economy is ruined i mean that is something that you know no one has spoken about that's an unknown how does that factor in to the current geo political situation those who. who hoped that iran's government can still be persuaded to freeze its nuclear program and obey the demands of the un security council and the p five plus one i think the only way they will do that is if they feel enough economic pain and as you mentioned the startling collapse of the currency even in the recent weeks and the drop by almost half in iran's crude oil exports and the real problems iran is having with its international linkages are financing exports and imports and so forth this is starting to have an impact and officials from israel to london to washington would prefer that this approach work and i think as we see signs that iran's economy is cracking furthe
and the heightened urgency that we see among officials iran's economy is significantly in trouble its currency is constantly losing ground in the western sanctions that you have referred to are clearly taking their toll on iran what happens if iran economy is ruined i mean that is something that you know no one has spoken about that's an unknown how does that factor in to the current geo political situation those who. who hoped that iran's government can still be persuaded to freeze its nuclear...
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find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into kinds a report on our.
find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into kinds a report on our.
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that was largely due to weak lending as the domestic economy remained sluggish. the largest japanese banking group by market value mitsubishi u.s.a. financial group posted a net income of about $3.6 billion in the april to september period. that's nearly 60% down in yen terms from a year earlier. one of the reasons for the decline was the losses from sale of stock holdings. mizuho financial group reported a 28% decline in net income. it was at $2.3 billion. the group says the decline is due to the drop in the value of stocks held. meanwhile, the financial group had a net income game at $4.1 billion. the good results were due to a contribution to earnings from the complete buyout of a consumer finance firm. >>> toyota motors says it will recall over 1.5 million cars in japan as there are separate defects in the steering wheel and hybrid fuel system. it will be the automaker's largest ever recall in the country. toyota says a design error for a shaft part was found in nine models including prius and wish made between august 2000 and last december. the car maker say
that was largely due to weak lending as the domestic economy remained sluggish. the largest japanese banking group by market value mitsubishi u.s.a. financial group posted a net income of about $3.6 billion in the april to september period. that's nearly 60% down in yen terms from a year earlier. one of the reasons for the decline was the losses from sale of stock holdings. mizuho financial group reported a 28% decline in net income. it was at $2.3 billion. the group says the decline is due to...
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and the other problem of course is the structural reforms if they have come at a time when the economy wasn't in such a state of freefall the have a much better chance of working and kick starting some kind of recovery now in the condition of total depression it's impossible for them to. kick start anything that's a really interesting point and i know too just from the political side there was some drama surrounding the actual voting for these two bills in parliament there were members of both in and out of the governing coalition that broke ranks with their party with their votes and this leads plus saka new democracy traditionally the two largest political parties in greece that have jostling for power over the past thirty years they're just one seat shy of losing a majority and they're part of a weak coalition that includes just a small center left party so do you think the current governing governing coalition can hold. well it's so very tenuous i mean new democracy they are by far the largest part. they're down to one hundred twenty five m.p.'s out of a dozen three hundred plus sh
and the other problem of course is the structural reforms if they have come at a time when the economy wasn't in such a state of freefall the have a much better chance of working and kick starting some kind of recovery now in the condition of total depression it's impossible for them to. kick start anything that's a really interesting point and i know too just from the political side there was some drama surrounding the actual voting for these two bills in parliament there were members of both...
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economy you know i've been following natural gas and i think natural gas has been one of those stories that's been lost during this whole crisis where i think it's incredibly helpful to the u.s. we've got cheap natural gas you know the u.s. did not worry so much about being a producing nation or a manufacturing nation and through two thousand and four to two thousand and seven we were about housing finance and now we want to be producers we want to manufacture things again and this cheap natural gas has been you know a huge boon to have that it is helping get some business back onshore and i think if this report is correct on oil that's further help and i think at the same time you know the politicians have to address and help the country move forward on these resources there is way too much time spent on you know silly or poorly thought out you know green energy product projects you know so linder was a disaster it wasn't the only one and it's time let's harness the resources that we have that we know how to use and use that to help get the economy going and the nice part of the energ
economy you know i've been following natural gas and i think natural gas has been one of those stories that's been lost during this whole crisis where i think it's incredibly helpful to the u.s. we've got cheap natural gas you know the u.s. did not worry so much about being a producing nation or a manufacturing nation and through two thousand and four to two thousand and seven we were about housing finance and now we want to be producers we want to manufacture things again and this cheap...
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the share of the economy relative to clinton. we think we have laid out a sensible balance in this context which shows significant restraint where you need to show it. but still recognizes that we cannot ignore the fact that we have millions of americans retiring. >> why should we believe an administration that has ballooned the deficit attacked it with any vigor? >> the people who say that miss some basic realities of what drives our deficit. it is to the deficits have gone up. it has gone up for reasons you all know. let's just review them -- they go up significantly because of the cost of the bush tax cuts and expansions we inherited. go up significantly because of the cost of the crisis and recession. the policies be put in place which have helped bring economic growth back are only 10% added to the increase in deficit over this amount of time. people are mistaken in their basic app tradition. -- attribution. >> i hear about a continued concern that this administration is simply somewhere between does not get business and is
the share of the economy relative to clinton. we think we have laid out a sensible balance in this context which shows significant restraint where you need to show it. but still recognizes that we cannot ignore the fact that we have millions of americans retiring. >> why should we believe an administration that has ballooned the deficit attacked it with any vigor? >> the people who say that miss some basic realities of what drives our deficit. it is to the deficits have gone up. it...
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the greek economy certainly looks to be in a terrible state. year on year they are showing a contraction of more than several states. >> question frazier, paris, thank you very much for the view across europe. plenty to come, including a total eclipse of the sun. how thousands reveled in a rare celestial tree. prosecutors in the united states have called for a death penalty for a long shot -- court martial in a case of a soldier killing 16 afghan villagers earlier this year, after going on a rampage. he is facing 16 counts of premeditated murder and six counts of attempted murder. >> it was a shocking incident, the death of 16 afghans, slaughtered before dawn in march. among the victims were nine children. the suspect, staff sergeant robert bayless, who had been previously injured while serving in iraq, he had been reluctant to go to afghanistan. it is alleged that he returned to his base after the first attack, heading out to the second village after finally returning, covered in blood. outrage strained relations between the afghan and u.s. au
the greek economy certainly looks to be in a terrible state. year on year they are showing a contraction of more than several states. >> question frazier, paris, thank you very much for the view across europe. plenty to come, including a total eclipse of the sun. how thousands reveled in a rare celestial tree. prosecutors in the united states have called for a death penalty for a long shot -- court martial in a case of a soldier killing 16 afghan villagers earlier this year, after going...
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find out what's really happening to the global economy cause a report on r.g.p. . would be soon which brightened if you knew about sun from feinstein. who finds time time t.v. . when i was on your bush show in this show we trace the wars obama faces in the next four years coming up an exclusive interview with a rock a leg obama. war with iran has already started and your textbook guide how not to invade a foreign country. as a bomb of draws but to the white house for a second wales the president for a tough interview on his foreign policy but he chose an easier ride from the mainstream media so we'll use a little bit. you promised change we can believe did tell us about your achievements. i've sent troops to afghanistan. record numbers of army suicides and defections. doctors say they've never seen such horrific injuries from improvised explosive devices i think that's unbelievable. you won the nobel peace prize that puts you in superstar company that's right kissinger one while he was secretly shelling gamba this year's winner the european union illegally bombed l
find out what's really happening to the global economy cause a report on r.g.p. . would be soon which brightened if you knew about sun from feinstein. who finds time time t.v. . when i was on your bush show in this show we trace the wars obama faces in the next four years coming up an exclusive interview with a rock a leg obama. war with iran has already started and your textbook guide how not to invade a foreign country. as a bomb of draws but to the white house for a second wales the...
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Nov 8, 2012
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economy, economists worry that, as the global economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other states where more people looking for relief. later in the program, we'll look at sandy's impact on retailers. >> tom: the biggest bank in america has the okay now from uncle sam to pay back shareholders. jpmorgan will be allowed to restart a stock buyback plan early next year. like all systemically important banks jpmorgan has to get regulatory approval to change its dividend or stock-repurchase plan. the regulators want banks toncnl firepower to withstand troubled times before the banks will spend money on share holders. jpmorgan's buyback strategy was suspended this year after it lost $
economy, economists worry that, as the global economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other...
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economy will for the global economy looks like the u.s. are going to benefit very much from this shale and gas development absolutely and so of course benefiting all of ready but not everybody is going to benefit in fact we talked to richard jones from the international energy agency the author of this report and he said that some of the shelf gas projects may be put on hold because the development of shale gas makes them good on the clean and viable let's listen to what he had said. i don't know that that will be the area that will be exploited first especially if the technologies that are being developed to exploit the light type oil resources in the united states are continue to be successful and start to spread to other countries that may be a cheaper alternative that may delay the exploitation of the arctic resources. but you know if people can can exploit a resource economically i think they will look at their investment opportunities and see where it stacks up and i wouldn't i wouldn't be at all surprised if we don't see some invest
economy will for the global economy looks like the u.s. are going to benefit very much from this shale and gas development absolutely and so of course benefiting all of ready but not everybody is going to benefit in fact we talked to richard jones from the international energy agency the author of this report and he said that some of the shelf gas projects may be put on hold because the development of shale gas makes them good on the clean and viable let's listen to what he had said. i don't...
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find out what's really happening to the global economy. there are no holds barred look at the global financial headlines two kinds a report. looks well to the. slaves technology innovation all the latest developments from around russia we've. covered. but. just. this.
find out what's really happening to the global economy. there are no holds barred look at the global financial headlines two kinds a report. looks well to the. slaves technology innovation all the latest developments from around russia we've. covered. but. just. this.
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. >> translator: the economy and energy will be part of the focus of the election. our party will make a manifesto and convey our position to voters. i will explain it to the people after i dissolve the lower house on friday. >> the leadup to the decision played out on wednesday. the prime minister said he was ready to dissolve the lower house if the ldp committed to reducing the number of seats in the house by 234ex year. officials campaigning for the general elections starts on may 4. >> translator: lawmakers don't really care, but the people, the prime minister changes like a resolving door. it's better to give the younger generation a chance another leadership. >> prompted the prime minister to act? making te i . >> there's a big disparity in -- he had fwho executions left. but it took some time >> the lead-up to the decision played out in the diet. abe pointed out the prime minister promised in august to call a general election soon if the diet passed bills related to social security and tax reform. abe said the ldp kept its part of the deal and helped the bill
. >> translator: the economy and energy will be part of the focus of the election. our party will make a manifesto and convey our position to voters. i will explain it to the people after i dissolve the lower house on friday. >> the leadup to the decision played out on wednesday. the prime minister said he was ready to dissolve the lower house if the ldp committed to reducing the number of seats in the house by 234ex year. officials campaigning for the general elections starts on...
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in the netherlands, the economy contracted in the third quarter. one reason is more and more consumers are cutting back on their spending, fearing tough times ahead. another reason is that businesses are also scaling back. manufacturers also anticipate weaker demand from struggling eurozone partners. >> news of the recession did not pull down the market drastically. our correspondence sent us this report from the frankfurt stock exchange. >> of course it is bad news that the economy and the eurozone slipped into recession, but still, traders managed to find a few positive aspects in the reports. in italy, the contraction was much smaller than what economists had anticipated. france against the odds managed to produceive gross domestic product. this means, for germany, the possibility remains intact that our economy during the current quarter remains in positive territory as well. the biggest-loser shares this thursday were shares of lufthansa. the negotiated pay increase for the cabin crew threatens the cost-cutting targets of the airline, somethin
in the netherlands, the economy contracted in the third quarter. one reason is more and more consumers are cutting back on their spending, fearing tough times ahead. another reason is that businesses are also scaling back. manufacturers also anticipate weaker demand from struggling eurozone partners. >> news of the recession did not pull down the market drastically. our correspondence sent us this report from the frankfurt stock exchange. >> of course it is bad news that the economy...
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economy. well absolutely shale gas has already have revolutionized the energy sector in the united states according to some estimates about how of the natural gas production that the u.s. will come from shale gas by twenty twenty that's just seven years from now and the u.s. is likely to become an l n g exporter in the near future instead of importing gas into the country as it previously did and according to robert jones from the international energy agency the authors of the report shale gas could also spell trouble for some of the arctic shelf projects including those of russia. that may be a cheaper alternative that may delay the exploitation of the arctic resources. but you know if people can can exploit a resource economically i think they will look at their investment opportunities and see where it stacks up and i wouldn't i wouldn't be at all surprised if we don't see some investment getting started but i don't think it'll it'll happen over night. but while it's really changing the nat
economy. well absolutely shale gas has already have revolutionized the energy sector in the united states according to some estimates about how of the natural gas production that the u.s. will come from shale gas by twenty twenty that's just seven years from now and the u.s. is likely to become an l n g exporter in the near future instead of importing gas into the country as it previously did and according to robert jones from the international energy agency the authors of the report shale gas...
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chinese economy. necessarily you know. the list and you're not it's. not. going to be. the united states. we'll leave it there for the moment no doubt the production team will get back to see if we can get a slightly better sounding but in the meantime thank you very much for your thoughts on this christopher lehman joining us live there from denmark. i spoke to him a little he's the author of. oil wars he says the new chinese leadership will have some serious challenges ahead. the easy years of the chinese economic miracle are behind them and what i've seen in my recent visits to try and over the last three or four years is a great sense of question. about western especially american economic model. is for going forward in china now the corruption that's a huge issue is population this is a pervasive sense among young people that the party leadership is not. in touch with aspirations of the younger generation or the people generally and this is a question of the very legitimacy of the party and that i think if we challenge that they're going to have to address you're g
chinese economy. necessarily you know. the list and you're not it's. not. going to be. the united states. we'll leave it there for the moment no doubt the production team will get back to see if we can get a slightly better sounding but in the meantime thank you very much for your thoughts on this christopher lehman joining us live there from denmark. i spoke to him a little he's the author of. oil wars he says the new chinese leadership will have some serious challenges ahead. the easy years...
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is worrying that the chinese economy will overtake it in size in a few years well actually it's been slowing down so basically to prevent that from coming into a really hard landing the new government needs to undergo a lot of reforms so we're talking about that in a couple of minutes of business. in japan the average height for men is one hundred eighty two centimeters ten centimeters shorter because of that some employers refused to hire me one of them even told me directly that i was too short to deal with the client's computers already spent three months in this hospital and plans to stay for another four to add the coveted seven santa majors to his stature invented by the famed soviet orthopedic is good for you is there a from the nineteen fifties these frames were initially used to treat fractures in deformities by cutting bones and slowly pulling them up or therefore stimulating tissue regeneration it was out of was able to receive arms and legs and people who thought they were crippled for life be sent to the other patients shattered bones and in many cases their shattered li
is worrying that the chinese economy will overtake it in size in a few years well actually it's been slowing down so basically to prevent that from coming into a really hard landing the new government needs to undergo a lot of reforms so we're talking about that in a couple of minutes of business. in japan the average height for men is one hundred eighty two centimeters ten centimeters shorter because of that some employers refused to hire me one of them even told me directly that i was too...
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number one number two it's objective fact market economy open economy needs more open society i mean it's obvious chinese leaders realize they realize most pressure from inside and they realize that it's necessary and that's what they talk about and mr jintao said that by the be the law of the this century china will be a really democratic country he's got to do tower is he is he. disappearing or easy just stepping out of the spotlight into the shades head or will he continue to challenge influence well before the last time when the huge power of course when mr hu jintao replaced mr jones immediately and held the military highest military position the central military committee of the home by the end of the state this time mr hu jintao already announced he's not going to stage this head of the military which is very important you have. for power you have for government power and. you know i mean it's not if i'm sorry but. the military the the the the rule of the military is increasing in china is a true well it's been strong all the time and now they want more power more money becaus
number one number two it's objective fact market economy open economy needs more open society i mean it's obvious chinese leaders realize they realize most pressure from inside and they realize that it's necessary and that's what they talk about and mr jintao said that by the be the law of the this century china will be a really democratic country he's got to do tower is he is he. disappearing or easy just stepping out of the spotlight into the shades head or will he continue to challenge...
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this cry of the greek economy there he said and then free foreign affair to illustrate how dire the economy is when either one of four greeks are out of work an affair for the other party elations living below the poverty line sell the question here is i mean what can be done to remedy the economy i mean what you've just sat and what's obvious the time the service does that mean that the economy is beyond repair it's certainly beyond repair give given the present situation in other words given membership of the euro it's important to understand that these measures are making the situation worse i don't just mean they're making the economy worse they're definitely making the economy worse they're making greeks the debt situation the debt ratio in greece is predicted to be one hundred ninety. percent of g.d.p. by next year that's much higher than it was with the first bailout plan was agreed and this shows that the recession that these measures are producing they are making the debt situation worse because the economy is being conforms to contract or otherwise in the words to collapse and as
this cry of the greek economy there he said and then free foreign affair to illustrate how dire the economy is when either one of four greeks are out of work an affair for the other party elations living below the poverty line sell the question here is i mean what can be done to remedy the economy i mean what you've just sat and what's obvious the time the service does that mean that the economy is beyond repair it's certainly beyond repair give given the present situation in other words given...
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as the number one economy by the end of twenty six to. save all that stricken spain has found yet another way to try and we fill its budget the country plans to sell around one hundred prime state properties by twenty six deign to say this could bring the country almost three billion euros in total. and speaking about state property russia's consulting group uphill has valued the most recognizable real estate in several capitals according to the firm's estimates the kremlin is a real bargain in comparison with other european landmarks it was values are only fifty billion dollars meanwhile the tower of london got the price tag of almost twice more than the symbol of the russian government however ninety billion dollars is still not a great deal in comparison with other relics one of the greatest works of roman architecture and engineering the coliseum was valued at one hundred ten billion and the eiffel tower hit the top of the rankings with an estimated cost of an enormous five hundred fifty billion dollars that's almost equal to the mark
as the number one economy by the end of twenty six to. save all that stricken spain has found yet another way to try and we fill its budget the country plans to sell around one hundred prime state properties by twenty six deign to say this could bring the country almost three billion euros in total. and speaking about state property russia's consulting group uphill has valued the most recognizable real estate in several capitals according to the firm's estimates the kremlin is a real bargain in...
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Nov 10, 2012
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we will bring jobs home that result in a stronger, healthier economy, and a stronger healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground, and i hope the president will respond today in that same spirit. as i said wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week, the president and i had a short conversation. it was cordial. i think we both understand that trying to find a way to avert the fiscal cliff is important for our country, and i'm hopeful that productive conversations can begin soon so that we can forge an agreement that can pass the congress. and with that, i will be happy to answer questions. [inaudible] >> when the president and i have been able to come to an agreement, there has been no problem getting it passed here in the house. >> you have out what your goal of not having tax rates go up, but you did not lay out a deficit goal. what is the deficit goal
we will bring jobs home that result in a stronger, healthier economy, and a stronger healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground, and i hope the president will respond today in that same spirit. as i said wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week, the...
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refi china and india and other emerging economies would sign nine so to reduce emissions i don't take a position nine whether man-made emissions cause global warming and i it china and india to make up 37% of the population not doing so. and the first chapter the book i talk about geo engineering solutions win to think we could reduce global temperatures by just came roofs white to reflect the race. what we're doing with a 12 billion-dollar hours it is pushing people into cars they do not want to buy raising your much as a cost we are getting rid of incandescent light bulbs and disproportionately those zero least able to afford it the lowest fifth of and come distribution spend 24 percent of income on electricity natural-gas and gasoline. that's right. spending on energy and compared to an average of 7%. it it is just strange well-intentioned people who purport to represent advocates policies that will do them harm rather than a good british edition to hurricane the uproar industrial policies to promote solar and wind undesirable to create opportunities for political influence on to b
refi china and india and other emerging economies would sign nine so to reduce emissions i don't take a position nine whether man-made emissions cause global warming and i it china and india to make up 37% of the population not doing so. and the first chapter the book i talk about geo engineering solutions win to think we could reduce global temperatures by just came roofs white to reflect the race. what we're doing with a 12 billion-dollar hours it is pushing people into cars they do not want...
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all the politicians and the center banks would go away for two three years and then i think the micro economy will take care of it but in a more serious sense i think what we need to focus on too is to make sure that we don't over do any macro policy because macro policy will fail ultimately what we need is for you and me to get the emphasis back on creating jobs in believing in economies and create transparency that way is as only down through the biggest and fiscal multiply of all which is to create new jobs an increase on focus and jobs access to credit will be my two main remedies if i actually all the politicians went away and did nothing with the situation would resolve itself there is only i think i can prove it i mean belgium was without a government for two years every single macro indicator improved during those two years you had to presidents the president being the most successful in terms of growth he did absolutely nothing to do for atheists there's a whole concept within the economic science to say stay within that the ability of policy since to do anything is actually the best
all the politicians and the center banks would go away for two three years and then i think the micro economy will take care of it but in a more serious sense i think what we need to focus on too is to make sure that we don't over do any macro policy because macro policy will fail ultimately what we need is for you and me to get the emphasis back on creating jobs in believing in economies and create transparency that way is as only down through the biggest and fiscal multiply of all which is to...
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Nov 15, 2012
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either our elected officials bring order to our economy, or there wouldn't be any economy to worry about. as the president spoke today, the markets took a dive down 185 points. the dow jones is down nearly 700 points in the last six trading days since president obama was reelected. the nasdaq in a correction of nearly two thirds of the market also and correction teitory. it down more than 10% from recent highs. the markets seem to think that we have had over the fiscal cliff. what did people haveo say to have the pow to stop it? let's ask republican congressman tim huelskamp. welcome to the show, congressman. we definitely want to talk to you about the president's speech today. he said he is ready for compromise. here is the president. >> i am open to compromise and i'm open to new ideas. i have been encouraged over the past week your republican after republican to agree on the need for more revenue from the wealthiest americans as part of our arithmetic if we are going to be serious about reducing the deficit. gerri: president says he is ready to compromise. >> he is always talking abou
either our elected officials bring order to our economy, or there wouldn't be any economy to worry about. as the president spoke today, the markets took a dive down 185 points. the dow jones is down nearly 700 points in the last six trading days since president obama was reelected. the nasdaq in a correction of nearly two thirds of the market also and correction teitory. it down more than 10% from recent highs. the markets seem to think that we have had over the fiscal cliff. what did people...
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Nov 15, 2012
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economy and global economy. we think we've been through so many uncertainties in the last four years we should probably be used to it by now. we're looking ahead to the second quarter where the u.s. should go back to trend growth and holding tight our strong convictions. >> so you're buying here snmp? s >> yeah, we think it's going to get a little cheaper, but we're holding on to the risk we have on right now. >> bob, why the comeback here? what's going on? >> we're seeing utilities come back a little bit. i don't see any particular catalyst. the dollar is not dropping dramatical dramatically. i think we're seeing an overall market lift. by the way, i love the interview with barney frank. i thought he was right. i'm an optimist on the fiscal cliff too. i think we'll see a rally in the middle of december, bill. >> well, we'll see about that. the market certainly off of the lows right now. we're trying to figure out what the heck is going on. mark harris, you're sitting at your trading desk. any ideas as far as wh
economy and global economy. we think we've been through so many uncertainties in the last four years we should probably be used to it by now. we're looking ahead to the second quarter where the u.s. should go back to trend growth and holding tight our strong convictions. >> so you're buying here snmp? s >> yeah, we think it's going to get a little cheaper, but we're holding on to the risk we have on right now. >> bob, why the comeback here? what's going on? >> we're...
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Nov 14, 2012
11/12
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the economy has shrunk 23%. >> they have to a pay attention to the social dimension in europe. at the same time, they have to be a bit more social. they have to be a bit more gentle, but i think they should not step away from austerity measures. >> the stories of hardship and tragedy are increasing. a few days ago, a woman in northern spain committed suicide after being ejected by her home. these protesters are camping, and demanding this be stopped. people are sick of this, he said. sooner or later, it is going to explode. at times in recent weeks, it has seemed as though the eurozone crisis was weakening, but the real economy is worsening, and the frustration is available and s visible on spanish streets. >> today president obama was keen to talk about the fiscal cliff, the combination of tax hikes and spending cuts. mr. obama was also forced to answer questions about the resignation of his cia chief and the events that unfolded in benghazi. >> the president of the united states, reelected and reinvigorated with big plans for his second term. >> i hear you have some questions
the economy has shrunk 23%. >> they have to a pay attention to the social dimension in europe. at the same time, they have to be a bit more social. they have to be a bit more gentle, but i think they should not step away from austerity measures. >> the stories of hardship and tragedy are increasing. a few days ago, a woman in northern spain committed suicide after being ejected by her home. these protesters are camping, and demanding this be stopped. people are sick of this, he...
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find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into khan's report on r t. c. coming up to quarter past the hour here in moscow this is our life a major transfer of power has begun in china the country set to appoint its new tablet leaders next week as part of the communist party congress which is now under way president hu jintao has called on the nation to fight corruption prove its military and keep its economy growing beijing based journalist harry morton reports . president hu jintao begins to hand over the reins of power to the next generation of chinese leaders vice president xi jinping widely expected to become the next head of state now president hu he's going to stand down as general secretary at the end of this week paving the way as i say for she to take over as general secretary and then as head of states in march two thousand and thirteen reform has been a buzzword around this congress it's been mentioned a lot in state media in the build up so you this week and experts and analy
find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into khan's report on r t. c. coming up to quarter past the hour here in moscow this is our life a major transfer of power has begun in china the country set to appoint its new tablet leaders next week as part of the communist party congress which is now under way president hu jintao has called on the nation to fight corruption prove its military and keep...
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Nov 8, 2012
11/12
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let's talk about the economy here, though, with the fiscal clip. you heard john boehner willing to accept new revenue. heaharry reid in the senate, saying you can't push us around anymore. is this language that begins compromise. >> it will begin compromise, but it may be far more horrowing. it may be it takes place next year, rather than this year. the problem is john boehner himself has one more election. he wants to be re-elected as speaker of the house. that does not take place until january 3, 2013. if he cuts a deal with barack obama, he faces a serious revolt in his own caucus. >> tom: is your caution then don't expect a fiscal clip solution before january 3rd? is that what investors to expect? >> the best way out of this impasse for the time being, is gracious gesture for the president-elect, re-elect, president obama, he should offer to extend the tax cuts perhaps until march of next year. giving john boehner an opportunity to win his own re-election, and gather some goodwill on the republican side of the aisle. if mr. obama doesn't see it
let's talk about the economy here, though, with the fiscal clip. you heard john boehner willing to accept new revenue. heaharry reid in the senate, saying you can't push us around anymore. is this language that begins compromise. >> it will begin compromise, but it may be far more horrowing. it may be it takes place next year, rather than this year. the problem is john boehner himself has one more election. he wants to be re-elected as speaker of the house. that does not take place until...
SFGTV2: San Francisco Government Television
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Nov 13, 2012
11/12
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and i think the comment was made in each of the economies but in fact what we found, when you have realignment, all 58 counties deciding what to do, if we just look at the incarceration rates across each of the counties, fresno, like county, population demographics to san francisco. and it's a law that impacts on a statewide basis is more sensible than leaving it up to each county because then you'll end up with 58 different styles and methods of criminal justice. >> tal? >> i'm the public defender and it's my job to push the envelope. it's one thing to talk about reducing possession charges from felonies to misdemeanors but i'm not sure that's going to change
and i think the comment was made in each of the economies but in fact what we found, when you have realignment, all 58 counties deciding what to do, if we just look at the incarceration rates across each of the counties, fresno, like county, population demographics to san francisco. and it's a law that impacts on a statewide basis is more sensible than leaving it up to each county because then you'll end up with 58 different styles and methods of criminal justice. >> tal? >> i'm the...
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Nov 12, 2012
11/12
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economy. worries about a fiscal freefall, kept wall street stocks in check: the dow and nasdaq fell a fraction, while the s&p was up a fraction. american businesses are not only concerned about the fiscal showdown in washington, but also about corporate earnings. nearly all of the s&p 500 firms have reported numbers, and profit growth is the slowest since the recession in 2009. and the majority of firms are also reporting disappointing revenues. here's erika miller with a look back at the quarter, and a look ahead. >> reporter: earnings season is drawing to a close. and for many firms it's good riddance. nearly all of the s&p 500 have reported quarterly numbers, and according to s&p capital i.q., profits are up a measly 2%. thomson reuters and factset crunch the numbers slightly differently, and believe profits are actually down. the bigger concern is revenue growth. s&p has the most optimistic analysis with a 0.6% gain. the other two firms see negative growth. firms face an almost universal p
economy. worries about a fiscal freefall, kept wall street stocks in check: the dow and nasdaq fell a fraction, while the s&p was up a fraction. american businesses are not only concerned about the fiscal showdown in washington, but also about corporate earnings. nearly all of the s&p 500 firms have reported numbers, and profit growth is the slowest since the recession in 2009. and the majority of firms are also reporting disappointing revenues. here's erika miller with a look back at...
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and china's communist party elect a new leader to steer the country's powerhouse economy as part of a once in a decade political challenge. international news live from moscow this is r.t. with me thanks for joining us israel is continuing its trikes on gaza with at least three palestinians reported killed this follows ones' day rocket attacks which left turn dead including the military leader of hamas israel has also warns that a ground operation is on the table all she's talking boston is intel of. overnight the bombardment continued from the air israeli airstrikes killed three more militants belonging to the same militant group in gaza as after jobbery the head of hamas his military wing who was killed in a targeted airstrike yesterday afternoon there's also reports confirmed by the israeli military of continued shelling via the israeli navy gunboats off the coast and fixed land based artillery pieces from the southern israel from hamas twenty five rockets were fired into southern israel over the night israeli missile defenses trying to shoot those down some of them land landing in
and china's communist party elect a new leader to steer the country's powerhouse economy as part of a once in a decade political challenge. international news live from moscow this is r.t. with me thanks for joining us israel is continuing its trikes on gaza with at least three palestinians reported killed this follows ones' day rocket attacks which left turn dead including the military leader of hamas israel has also warns that a ground operation is on the table all she's talking boston is...
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Nov 14, 2012
11/12
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liz: two things helping the economy improve, retail sales number did not look that good, but depending on the company certainly. it is not all bad news. give me an example of people running for safety. >> pfizer is the perfect example. what is so interesting about that? liz: people feel safety, visor, the industry. >> it feels good to own those well-recognized names. you should look for the companies that are growing despite that. it is amazing people feel okay losing money in pfizer because it is pfizer. if you lost money in a company you are less familiar with. liz: some of those very names he feels are the places to be. the long-term bullish stock picker to, the number one moneymaker. 50 minutes before the closing bell rings. remember the '80s when the japanese bought everything american including the rockefeller center? chinese companies are now doing the same thing. plowing money into u.s. assets, u.s. companies at a record pace. already $8 billion worth this year. can you bank and this trend? make some money off it. the managing director at harris williams to tell you how to inve
liz: two things helping the economy improve, retail sales number did not look that good, but depending on the company certainly. it is not all bad news. give me an example of people running for safety. >> pfizer is the perfect example. what is so interesting about that? liz: people feel safety, visor, the industry. >> it feels good to own those well-recognized names. you should look for the companies that are growing despite that. it is amazing people feel okay losing money in...
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Nov 15, 2012
11/12
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critics say the european economy is stagnating due to these austerity measures. these cludtax hikes d payroll cuts in the public sector. that's all for business news for this hour. i'll leave with you a recap of the region's markets. >>> the european union will use its nobel peace prize money to set up a relief fund for children in war zones. the move follows criticism of this year's award to the eu. the eu says it made the decision ahead of the awards ceremony in norway on december 10th. the prize money is about $1.2 million. the union won the 2012 prize for helping to overcome the legacy of two world wars and bring peace to europe. the president of the european commission said the prize is a symbol of reconciliation. he says the award money should be used to nurture hopes for the future. >>> myanmar's opposition leader aung san suu kyi has called on india to support her country as it moves towards democracy. aung san suu kyi made the call in new delhi, india, on wednesday where she's visiting for the first time in 25 years. she asked india to support the people
critics say the european economy is stagnating due to these austerity measures. these cludtax hikes d payroll cuts in the public sector. that's all for business news for this hour. i'll leave with you a recap of the region's markets. >>> the european union will use its nobel peace prize money to set up a relief fund for children in war zones. the move follows criticism of this year's award to the eu. the eu says it made the decision ahead of the awards ceremony in norway on december...
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find out what's really happening to the global economy is a report on r t. i was joined by pakistan's former ambassador to the united states course or used to be the national security advisor to the prime minister mr mahmud ali durrani sir thank you very much for coming here because you know the united states started the war on terror back in two thousand and one now international forces are expected to pull out by two thousand and fourteen and many do ask the question is this a sign of victory or defeat well it's certainly not. i think. the way they went in and do you object is they had i don't think they succeeded in . reaching the objectives in fact when i was the master there in washington number of years back i said that the way you're going you're not going to succeed and the tragedy is that you will make us the fall guy and this is happening today in your opinion what was the purpose of this whole operation and why are you leaving now well the purpose was to defeat the taliban and remove them and initially they did succeed and removing the taliban fro
find out what's really happening to the global economy is a report on r t. i was joined by pakistan's former ambassador to the united states course or used to be the national security advisor to the prime minister mr mahmud ali durrani sir thank you very much for coming here because you know the united states started the war on terror back in two thousand and one now international forces are expected to pull out by two thousand and fourteen and many do ask the question is this a sign of victory...
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find out what's really happening to the global economy. for a no holds barred look at the global financial headlines tune into cars a report. and. the book. excuse me can i speak with you sir let me let me explain my son died in a gun don't agree you don't agree with. my son isn't isn't it marine i don't know what is crap we are going to try and hurt you shared. your country. is the country your ears. the moon are. helping. you fight in so many own says war. and meet. us. download the official application to choose your language stream quality and enjoy your favorites. t.v. is not required to watch on t.v. all you need is your mobile device to watch r.t. any time. with you twenty four hours a day in his first foreign policy move after being handed another four year term in the white house barack obama has slapped iran with new financial sanctions let's get more details on this now from marty's going to check. what could be behind such a move. well president obama's first move scepter he won re-election of pretty much indicated that in the
find out what's really happening to the global economy. for a no holds barred look at the global financial headlines tune into cars a report. and. the book. excuse me can i speak with you sir let me let me explain my son died in a gun don't agree you don't agree with. my son isn't isn't it marine i don't know what is crap we are going to try and hurt you shared. your country. is the country your ears. the moon are. helping. you fight in so many own says war. and meet. us. download the official...
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Nov 15, 2012
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CSPAN2
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can the united states economy go back to being an economy that grows 3% a year? >> definitely come and that's where, where you've got this clip was if you look at this energy store, if you look at the rise in wages in china so that now you actually have some opportunities in north america, and by the way, we should think about that as a base economically along with candidate, if you look at the -- >> united states. >> huge potential but we got to get the fundamentals right. >> yes, and if you end of the housing recession and even have modest construction we would already be there. >> yes, if central policies are followed, and that implies getting spending under control, entitlement reform. not only not letting tax rates go up but reforming taxes on a broader base. if we don't, the debt implies a tax rates are going to be for the broad working class, 70% you pay for all this spending. so it's hard to imagine a robust dynamic growing economy were a majority of the working population is a minority partner in their own labor. >> we are well over our time. everybody j
can the united states economy go back to being an economy that grows 3% a year? >> definitely come and that's where, where you've got this clip was if you look at this energy store, if you look at the rise in wages in china so that now you actually have some opportunities in north america, and by the way, we should think about that as a base economically along with candidate, if you look at the -- >> united states. >> huge potential but we got to get the fundamentals right....